Jun 17, 2019
In this episode of The Grey Ave Podcast, I sat down and interviewed Marius Reitz, Luno Country Manager for South Africa to shed some lights about Luno at Luno Offices in Cape Town.
Luno was founded in 2013 and is one of the world’s leading digital currency companies. Luno allows its users (people and businesses) to buy, sell, store and learn about digital currencies such as Bitcoin and Ethereum. It also facilitates bitcoin storage through their bitcoin wallet services. They also operate exchanges between traditional currencies and bitcoin.
Luno was founded in 2013 and the exchange was set up by Timothy Stranex. Stranex is a BSc graduate from the University of Cape Town. He began his career as a software engineer at Google in Switzerland. He worked on Google Maps during his four years at the company, while also completing an MSc in theoretical physics from the University of Zürich.
Luno and PayFast facilitated one of the first crypto-currency
integrations into a payment processor in the world. In 2016, Luno
took part in the FCA Sandbox programme. This allows businesses to
test financial products with regulatory supervision.
In September 2017, Luno raised $9 million in order to introduce its bitcoin wallet, exchange and services in Europe. Since November 2017, Luno has also supported Ethereum. At the start of 2018, Luno announced they had reached nearly 2 million customers and processed over $5 billion. They are pro-regulation.In April 2018, Luno registered with the Bank Negara Malaysia as a reporting body for the digital currencies.
In this episode, we discussed how luno started, the role and objectives of luno, Bitcoin and Cryptocurrency adoption in Africa, Marius Reitz's personal background and many more.